Hail Cement Co. announces its Annual Financial Results for the Period Ending on 2020-12-31 (twelve month period)
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 336,280,176 | 274,400,925 | 22.55 | ||
| Gross Profit (Loss) | 148,070,964 | 91,425,311 | 61.958 | ||
| Operational Profit (Loss) | 126,450,405 | 69,513,129 | 81.908 | ||
| Net Profit (Loss) after Zakat and Tax | 107,478,748 | 59,058,815 | 81.985 | ||
| Total Comprehensive Income | 107,270,621 | 58,221,131 | 84.246 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 1,163,301,456 | 1,056,030,835 | 10.157 | ||
| Profit (Loss) per Share | 1.1 | 0.59 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason of the increase in the net profit during the current year compared to the same last year, is due to the increase in revenue and decrease in some of the expenses |
| Statement of the type of external auditor's report | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | No |
| Reclassification of Comparison Items | The comparative figures for the year 2019 in cost of revenue is restated from SAR 182,377,358 to 182,975,614 due to reclassification of strategic spare parts and site restoration expenses the effect of which is the net profit for 2019 is reduced to SAR 58,221,131. Subsequently all the required changes to shareholder's equity have been adjusted. |
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